MOP 6.00 Closing editor: Joanne Kuai Publisher: Paulo A. Azevedo Number 759 Monday March 30, 2015 Year III
All in the family
Prices under observation
T
hree highly placed officials in two gov’t departments. The Commission Against Corruption is investigating two senior officials of the Marine and Water Bureau accused of accepting bribes. Meanwhile, the Secretary for Social Affairs and Culture has disclosed that his Office is investigating a case of nepotism. An official with the Cultural Industries Fund is accused of helping relatives land lucrative subsidies. The Secretary said the results will be announced to the public PAGE
5
Feb visitors post new record
Still walking on thin ice. People’s Bank of China governor Zhou Xiaochuan issued a warning yesterday. Advising that the inflation index should be closely monitored in order to spot any sign of threatening deflation
Page 11 ICBC injects US$360 mln into Macau unit to boost competitiveness
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A record-breaking high of 1.14 million Mainland visitors travelled to Macau on the Individual Visit Scheme in February. A soaring 38.9 per cent year-on-year hike. Overall, Mainland visitation jumped 11 pct. Although regional and long-haul visitation by other jurisdictions is notably dropping off. Regardless, 5.14 million total visitors arrived in the first two months of 2015, up 1.5 pct Y-o-Y
Rosário: Urbanisation of North Taipa problematic
Page 5 Landing posted loss of HK$343 mln in 2014
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Spread bet “Challenging market conditions”. But Melco says it has nevertheless “maintained steady growth”. A variety of new local and international projects in the pipeline is lending the company resilience. And strengthening its industry presence, it says. Melco International Development Limited recorded profit attributable to owners of the company of US$191.78 million for the year ended 31 December 2014
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China may further open securities market to SAR investors
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HSI - Movers March 27
Name
%Day
China Resources Land
5.04
China Overseas Land
3.53
Sino Land Co Ltd
1.46
BOC Hong Kong Holdin
1.44
Belle International
1.39
China Construction B
-1.10
Industrial & Commerc
-1.26
China Mobile Ltd
-1.33
Hengan International
-1.69
Lenovo Group Ltd
-1.77
Source: Bloomberg
www.macaubusinessdaily.com
INTERVIEW
I SSN 2226-8294
Economic reality Economist Albano Martins is adamant. The gov’t should regulate the overheated housing market. Especially with the influence of declining gaming revenues possibly taking years to feed through to real estate. Mr. Martins sees the ‘invisible hand’ of the central gov’t shaping the slowdown of gaming here, he tells Business Daily. If left unchecked, gaming would overpower other industries. Economic policy is not implemented to make money for the government, he asserts. Rather, it is to control the market in order for it to be compatible with economic reality
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